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Tirupati Foam

BSE:540904
Snowflake Description

Solid track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540904
BSE
₹405M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Tirupati Foam Limited manufactures and sells a range of industrial polyurethane foam products in India. The last earnings update was 63 days ago. More info.


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540904 Share Price and Events
7 Day Returns
0%
BSE:540904
0.5%
IN Consumer Durables
1.7%
IN Market
1 Year Returns
-
BSE:540904
-12.9%
IN Consumer Durables
0.1%
IN Market
540904 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tirupati Foam (540904) 0% -3.2% -16.4% - 203.6% 206.7%
IN Consumer Durables 0.5% 0.2% 4.2% -12.9% 53.5% 261.1%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • No trading data on 540904.
  • No trading data on 540904.
Price Volatility
540904
Industry
5yr Volatility vs Market

Value

 Is Tirupati Foam undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tirupati Foam to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tirupati Foam.

BSE:540904 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 19%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:540904
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 35%) (95.97%))
1.332
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.332 * 8.6%)
19%

Discounted Cash Flow Calculation for BSE:540904 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tirupati Foam is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:540904 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 19%)
2019 16.33 Est @ 11.55% 13.72
2020 18.02 Est @ 10.35% 12.72
2021 19.73 Est @ 9.51% 11.71
2022 21.49 Est @ 8.92% 10.72
2023 23.32 Est @ 8.51% 9.77
2024 25.24 Est @ 8.22% 8.89
2025 27.26 Est @ 8.02% 8.07
2026 29.41 Est @ 7.88% 7.31
2027 31.70 Est @ 7.78% 6.62
2028 34.14 Est @ 7.71% 5.99
Present value of next 10 years cash flows ₹95.52
BSE:540904 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹34.14 × (1 + 7.55%) ÷ (19% – 7.55%)
₹320.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹320.62 ÷ (1 + 19%)10
₹56.29
BSE:540904 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹95.52 + ₹56.29
₹151.81
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹151.81 / 4.41
₹34.45
BSE:540904 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹34.45
Current discount Discount to share price of ₹92.00
= -1 x (₹92.00 - ₹34.45) / ₹34.45
-167.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tirupati Foam is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tirupati Foam's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tirupati Foam's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540904 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹6.28
BSE:540904 Share Price ** BSE (2019-04-05) in INR ₹92
India Consumer Durables Industry PE Ratio Median Figure of 42 Publicly-Listed Consumer Durables Companies 27.68x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tirupati Foam.

BSE:540904 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540904 Share Price ÷ EPS (both in INR)

= 92 ÷ 6.28

14.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tirupati Foam is good value based on earnings compared to the IN Consumer Durables industry average.
  • Tirupati Foam is good value based on earnings compared to the India market.
Price based on expected Growth
Does Tirupati Foam's expected growth come at a high price?
Raw Data
BSE:540904 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6.2%per year
India Consumer Durables Industry PEG Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 2.27x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tirupati Foam, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tirupati Foam's assets?
Raw Data
BSE:540904 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹49.26
BSE:540904 Share Price * BSE (2019-04-05) in INR ₹92
India Consumer Durables Industry PB Ratio Median Figure of 47 Publicly-Listed Consumer Durables Companies 1.79x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:540904 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540904 Share Price ÷ Book Value per Share (both in INR)

= 92 ÷ 49.26

1.87x

* Primary Listing of Tirupati Foam.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tirupati Foam is overvalued based on assets compared to the IN Consumer Durables industry average.
X
Value checks
We assess Tirupati Foam's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Tirupati Foam has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tirupati Foam expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Tirupati Foam, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tirupati Foam expected to grow at an attractive rate?
  • Tirupati Foam's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Tirupati Foam's earnings growth is positive but not above the India market average.
  • Unable to compare Tirupati Foam's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:540904 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540904 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.2%
India Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
India Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 13.3%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:540904 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:540904 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,068 28
2018-09-30 1,017 25
2018-06-30 997 23
2018-03-31 969 12 22
2017-12-31 944 20
2017-09-30 898 17
2017-06-30 818 18
2017-03-31 720 61 16
2016-12-31 641 16
2016-09-30 662 16
2016-06-30 692 16
2016-03-31 771 132 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tirupati Foam's earnings are expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Tirupati Foam is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:540904 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tirupati Foam Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540904 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 6.28
2018-09-30 5.64
2018-06-30 5.13
2018-03-31 4.94
2017-12-31 4.44
2017-09-30 3.76
2017-06-30 4.00
2017-03-31 3.68
2016-12-31 3.61
2016-09-30 3.62
2016-06-30 3.55
2016-03-31 3.48

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tirupati Foam will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tirupati Foam's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tirupati Foam has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tirupati Foam performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tirupati Foam's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tirupati Foam's year on year earnings growth rate has been positive over the past 5 years.
  • Tirupati Foam's 1-year earnings growth exceeds its 5-year average (41.4% vs 11.2%)
  • Tirupati Foam's earnings growth has exceeded the IN Consumer Durables industry average in the past year (41.4% vs 12.9%).
Earnings and Revenue History
Tirupati Foam's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tirupati Foam Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540904 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,067.88 27.68 24.91
2018-09-30 1,017.24 24.81 25.37
2018-06-30 997.07 22.66 10.36
2018-03-31 968.88 21.77 23.72
2017-12-31 944.38 19.58 18.10
2017-09-30 897.69 16.58 16.96
2017-06-30 817.63 17.63 15.69
2017-03-31 719.66 16.24 16.87
2016-12-31 640.93 15.91 16.79
2016-09-30 661.96 15.98 17.17
2016-06-30 692.11 15.62 7.12
2016-03-31 771.23 15.34 17.12
2015-12-31 824.09 12.33 7.34
2015-09-30 853.33 11.98 7.14
2015-06-30 874.61 13.09 7.14
2015-03-31 862.98 13.18 16.42
2014-12-31 900.61 14.90 8.78
2014-09-30 909.44 12.47 8.27
2014-06-30 932.95 15.69 7.50
2014-03-31 924.09 12.56 10.52
2013-12-31 893.17 22.39 38.83
2013-09-30 880.97 19.46 39.25
2013-06-30 824.61 5.93 39.19
2013-03-31 768.19 5.58 39.20
2012-12-31 735.76 1.77 37.31
2012-09-30 653.12 2.16 36.42
2012-06-30 627.87 8.08 36.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tirupati Foam has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tirupati Foam used its assets more efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
  • Tirupati Foam has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tirupati Foam's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tirupati Foam has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tirupati Foam's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tirupati Foam's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tirupati Foam is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tirupati Foam's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tirupati Foam's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tirupati Foam Company Filings, last reported 3 months ago.

BSE:540904 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 216.68 389.09 9.19
2018-09-30 216.68 389.09 9.19
2018-06-30 215.21 366.44 25.24
2018-03-31 215.21 366.13 24.97
2017-12-31
2017-09-30
2017-06-30
2017-03-31 204.12 342.92 30.71
2016-12-31 196.02 302.40 7.27
2016-09-30 196.02 302.40 7.27
2016-06-30 187.29 297.29 2.94
2016-03-31 187.29 323.66 2.94
2015-12-31 190.65 370.39 7.99
2015-09-30 190.65 370.39 7.99
2015-06-30 182.56 371.56 2.46
2015-03-31 182.56 397.27 2.45
2014-12-31 187.38 400.17 2.45
2014-09-30 187.38 400.17 2.45
2014-06-30 178.10 414.64 11.45
2014-03-31 178.10 440.38 11.45
2013-12-31 182.65 395.58 4.88
2013-09-30 182.65 395.58 4.88
2013-06-30 173.27 423.59 5.02
2013-03-31 173.27 423.59 5.02
2012-12-31 162.92 350.76 4.88
2012-09-30 162.92 350.76 4.88
2012-06-30
  • Tirupati Foam's level of debt (179.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (216.9% vs 179.6% today).
  • Debt is not well covered by operating cash flow (3.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Tirupati Foam's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tirupati Foam has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tirupati Foam's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.17%
Current annual income from Tirupati Foam dividends.
If you bought ₹2,000 of Tirupati Foam shares you are expected to receive ₹43 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tirupati Foam's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.49%).
  • Tirupati Foam's dividend is above the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:540904 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:540904 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-09-07 2.000 2.200
2018-07-05 2.000 1.897
2018-04-20 2.000 2.185
2016-08-22 0.000 0.000
2016-06-03 0.000 0.000
2016-02-24 0.000 0.000
2015-11-30 0.000 0.000
2015-10-09 0.000 0.000
2015-07-08 0.000 0.000
2015-02-18 0.000 0.000
2014-12-04 0.000 0.000
2014-08-26 0.000 0.000
2013-06-06 0.000 0.000
2012-10-05 1.200 3.526
2011-09-07 1.800 4.392
2011-05-11 1.800 3.532
2010-10-04 2.000 3.330
2009-06-01 2.000 3.374
2009-05-11 2.000 3.954

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Tirupati Foam's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tirupati Foam's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tirupati Foam afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tirupati Foam has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tirupati Foam's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Roshan Sanghavi
COMPENSATION ₹1,213,000
CEO Bio

Mr. Roshan Poonamchand Sanghavi serves as the Managing Director at Tirupati Foam Ltd. and has been its Executive Director since August 17, 1993.

CEO Compensation
  • Roshan's compensation has increased by more than 20% in the past year.
  • Roshan's remuneration is about average for companies of similar size in India.
Management Team

Roshan Sanghavi

TITLE
MD & Executive Director
COMPENSATION
₹1M

Gopalsinh Zala

TITLE
Chief Financial Officer
COMPENSATION
₹338K
AGE
66
TENURE
3.6 yrs

Aksha Memon

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹108K
TENURE
2.3 yrs

Deepakkumar Mehta

TITLE
Whole time Director
COMPENSATION
₹1M

Satis Mehta

TITLE
Whole time Director
COMPENSATION
₹1M
Board of Directors Tenure

Average tenure and age of the Tirupati Foam board of directors in years:

24
Average Tenure
59
Average Age
  • The average tenure for the Tirupati Foam board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Roshan Sanghavi

TITLE
MD & Executive Director
COMPENSATION
₹1M
TENURE
25.7 yrs

Deepakkumar Mehta

TITLE
Whole time Director
COMPENSATION
₹1M
TENURE
23.9 yrs

Satis Mehta

TITLE
Whole time Director
COMPENSATION
₹1M

Venibhai Purohit

TITLE
Director
AGE
85
TENURE
32.5 yrs

Manharlal Mehta

TITLE
Director
AGE
68
TENURE
32.5 yrs

Mukesh Korhari

TITLE
Independent Director
AGE
51
TENURE
24 yrs

Mukeshkumar Shah

TITLE
Independent Director
AGE
59
TENURE
32.5 yrs

Meena Sanghavi

TITLE
Women Director
AGE
51
TENURE
4.1 yrs

Arvind Kothari

TITLE
Additional Director
TENURE
1.9 yrs

Viral Mehta

TITLE
Additional Director
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Tirupati Foam's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tirupati Foam has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Tempted To Buy Tirupati Foam Limited (BOM:540904) Because Of Its PE Ratio?

and want to better understand how you can grow your money by investing in Tirupati Foam Limited (BOM:540904). … Tirupati Foam Limited (BOM:540904) trades with a trailing P/E of 20.1x, which is lower than the industry average of 38.3x. … While 540904 might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

Company Info

Description

Tirupati Foam Limited manufactures and sells a range of industrial polyurethane foam products in India. It offers various foam products, including mattresses; and accessories, such as yoga mattresses, PUF sofa cushions, back cushions, mattress protector products, memory foam and micro fiber pillows, sofas and bed products, PUF foam pillows and bolsters, wonder couches, comforters, and Mr. Back products, as well as quilts and sleeping bags under the Sweet Dream brand. The company was founded in 1986 and is based in Ahmedabad, India.

Details
Name: Tirupati Foam Limited
540904
Exchange: BSE
Founded: 1986
₹405,444,000
4,407,000
Website: http://www.tirupatifoam.com
Address: Tirupati Foam Limited
Tirupati House,
4th Floor,
Ahmedabad,
Gujarat, 380015,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540904 Equity Shares Mumbai Stock Exchange IN INR 12. Jan 2005
Number of employees
Current staff
Staff numbers
0
Tirupati Foam employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:44
End of day share price update: 2019/04/05 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.